A Quote by Arpad Busson
What's dangerous is the concentration of wealth in the hands of a few individuals.
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In India, the concentration of wealth is in a few hands.
The concentration of wealth in the hands of the few threatens the ability of ordinary people to raise their voices and have a say over how our societies are run.
Who can begrudge the generosity of the wealthy, you might say. Wherever you stand on the concentration of wealth and power in the hands of a tiny global elite, surely such charity should be applauded? But philanthropy is a dangerous substitution for progressive taxation.
I think that both Bernie [Sanders] and Hillary [Hillary] have highlighted how much, over the last few decades, we have seen the concentration of wealth in fewer and fewer hands.
The concentration of U.S. income and wealth in the hands of the very rich is a new development in my lifetime.
The concentration of wealth is a natural result of this concentration of ability, and regularly recurs in history. The rate of concentration varies (other factors being equal) with the economic freedom permitted by morals and laws.
We are free today substantially, but the day will come when our Republic will be an impossibility. It will be an impossibility because wealth will be concentrated in the hands of a few. A Republic cannot stand upon bayonets, and when the day comes when the wealth of the nation will be in the hands of a few, then we must rely upon the wisdom of the best elements in the country to readjust the laws of the nations to the changed conditions.
It is not great wealth in a few individuals that proves a country is prosperous, but great general wealth evenly distributed among the people. . .
The two great aims of industrialism — replacement of people by technology and concentration of wealth into the hands of a small plutocracy — seem close to fulfillment.
The two great aims of industrialism - replacement of people by technology and concentration of wealth into the hands of a small plutocracy - seem close to fulfillment.
In progressive societies the concentration[of wealth] may reach a point where the strength of number in the many poor rivals the strength of ability in the few rich; then the unstable equilibrium generates a critical situation, which history has diversely met by legislation redistributing wealth or by revolution distributing poverty.
The 1970s were the height of social mobility. College was accessible. My grandfather was a poor immigrant who went to a public school in Ohio, and my father went to Harvard. That wasn't unusual. There was a feeling that anything was possible and you didn't have to be born into money to have a successful life. Now, people don't believe in the idea that anything is possible. We have more inequality than we've had ever before and a greater concentration of wealth in the hands of a few.
Concentration of wealth yields concentration of political power. And concentration of political power gives rise to legislation that increases and accelerates the cycle.
Liberals are concerned about the concentration of wealth because it almost inevitably leads to a concentration of power that undermines democracy.
We can't have all the concentration of wealth in a few places in this country. We've got to create economic opportunity and new industries in communities that feel left behind.
During the last two years the wealthiest 14 Americans saw their wealth increase by $157 billion. This is truly unbelievable. This $157 billion INCREASE in wealth among 14 individuals is more wealth that is owned, collectively, by 130 million Americans. This country does not survive morally, economically or politically when so few have so much, and so many have so little.
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